Friday, September 24, 2010

Balcerowicz's defense of neoliberalism

One should not miss Prof. Balcerowicz's article in Rzeczpospolita in defense of neoliberalism and against depiciting it as the root cause of the global crisis. To him, the public sector is responsible.

I totally disagree with his assessment, but am happy for him to have written this text. There is nothing better than the pleasure to know better.

1 comment:

Anonymous said...

what nonsense. So the public sector has NO role in regulation? NO role in propping up state-sponsored enterprises? NO role in printing money (C.Banks, FED)?

Do the public sector officials you work with really convince you they are efficient in their work - regulating, lending, monitoring, penalizing in fin.mkts? :))